payment circle news, recently, Kuaiqian Payment announced that the cooperation with Shenzhen Qianhai Yilian Technology Co., Ltd. has expired and terminated. Starting from May 31, 2022, the "Anshoubao" brand will be independent from Qianhai Yilian Technology Co., Ltd. Operations and related services are also provided by Qianhai Yilian Company.
It is understood that Kuaiqian Payment was established in 2004, obtained a payment license in 2011, and successfully renewed it on July 28, 2021. Its business types include Internet payment, mobile phone payment, bank card acquiring . The brands that Kuaiqian Payment cooperates with acquiring outsourcing service providers mainly include Kuaiyi Brush, Kuaiqian Brush, Kuaishou Brush, An POS, An Shoubao, etc.
public information shows that Shenzhen Qianhai Yilian was established in 2013 and is an acquiring outsourcing service provider for many payment institutions. It completed the acquiring outsourcing service registration on November 27, 2020, and its business type is a special merchant. Recommendation, maintenance of special merchants, deployment and maintenance of acceptance terminals, aggregated payment technical services, etc.
Kuaiqian Payment’s “accelerated business downsizing” reflects the continuous increase in strict supervision of the payment industry and the continuous increase in the cost of business violations.
In recent years, regulatory authorities have continued to promote strict supervision of payments, continuously increased law enforcement inspections of the payment industry, strengthened functional supervision, penetrating supervision, and continuous supervision, strengthened regulatory collaboration and joint law enforcement, and maintained consistent online and offline supervision. sex, and resolutely investigate and deal with illegal financial activities in accordance with the law.
At the beginning of this year, Kuaiqian Payment was fined RMB 10.04 million by the Shanghai Branch of the People's Bank of China for violating account management regulations; violating liquidation management regulations; failing to perform customer identification obligations as required; and trading with unidentified customers. , ordered to make corrections within a time limit.
At that time, Kuaiqian responded that it would use this as a warning to actively implement various regulatory requirements, improve corporate governance, upgrade system capabilities, optimize service processes, and further enhance the compliance level of the company's business operations. Under the premise of operating in compliance with regulations, we will not lower the quality and standards of various services, work hard to accelerate the development of customers, adhere to the long-term path of sustainable development, and serve the real economy and people's lives with practical actions.
According to incomplete statistics, since this year, the central bank has issued multiple fines of more than 10 million yuan to payment institutions. At the same time, the relevant responsible persons have been held accountable, and the total amount of fines and confiscations has increased significantly year-on-year. Payment institutions The cost of non-compliance has skyrocketed.
In the future, with the promulgation of regulations on non-bank payment institutions, the judicial and administrative penalties imposed by regulatory authorities on illegal payment institutions will further increase, which will have a profound impact on the future business operations of the payment industry. For Kuaiqian Payment, an orderly reduction in the number of outsourced cooperative acquiring brands may help it reduce business risks and form a more compliant acquiring ecosystem.
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